Brazilian President Luiz Inácio Lula da Silva signed the "Medida Provisória do Novo Desenrola Brasil" on May 4, 2024, aimed at debt renegotiation amid a record 82.8 million indebted Brazilians, allowing individuals earning up to five minimum wages to use part of their FGTS funds for debt repayment while providing substantial discounts and extended payment terms for various debts, including those of students and microenterprises. #DebtRelief #BrazilEconomy #FinancialInclusion #BR
